UK Crypto Investors Alerted: HMRC Tax Obligations Persist Beyond Warning Letters
Despite not receiving a letter from HMRC, UK crypto investors might still be liable for taxes, experts caution.
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Despite not receiving a letter from HMRC, UK crypto investors might still be liable for taxes, experts caution.
The Bank of England is concerned that increasing loans to data centers might trigger an AI market bubble similar to the dot-com crash in the early 2000s.
Experts warn that UK cryptocurrency investors might still owe taxes even if they haven't received any communication from HMRC.
Experts caution that UK crypto investors might still owe taxes even if they haven't received any warnings from HMRC.
The UK's HMRC has significantly intensified its scrutiny on crypto investors by significantly increasing the warning letters sent to those suspected of tax evasions.
The Bank of England's Deputy Governor has reiterated that proposed restrictions on stablecoins will be temporary to maintain system stability, despite industry concerns regarding innovation and growth.
The Bank of England has announced that its proposed limitations on stablecoin holdings and transaction sizes are intended as a temporary measure to stabilize the financial system.
The UK government has introduced new regulations requiring all crypto firms to gather and report extensive user data from January 2026.
The UK government is set to pilot a digital gilt instrument that will harness distributed ledger technology, as part of new financial strategies outlined by Chancellor Rachel Reeves.
The UK government is pressuring Apple to provide access to encrypted iCloud backups, which could lead to vulnerabilities for cryptocurrency wallets.
The UK's Financial Conduct Authority has unveiled a plan to aid asset managers in utilizing blockchain and tokenization.
HMRC has significantly intensified its scrutiny over cryptocurrency investments, issuing more warning letters to investors in an effort to ensure compliance with tax regulations.
British crypto firm KR1 is set to elevate its listing to the London Stock Exchange amidst a shift in the UK's regulatory approach to cryptocurrencies.
Experts caution that UK investors who haven't received HMRC warning letters could still owe taxes, highlighting the agency's intensified tracking of digital asset incomes.
Experts caution that UK crypto investors who have not received tax warning letters from HMRC may still have tax obligations.
Crypto trade association in the UK emphasizes the need for stablecoin regulations that align with the US to enhance confidence in digital assets.
UK officials are contemplating whether to retain significant gains from Bitcoin seized in connection with a 2018 fraud case rather than fully compensating the victims.
UK officials deliberate on whether to retain substantial gains from seized Bitcoin linked to a fraud case instead of providing the full current value to affected victims.

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